[Quote No.40237] Need Area: Mind > Learn "[Should you trust everything experts tell you? No! Experts make mistakes all the time. Your best defence is to listen to everyone but think through everything for yourself. Keep the following quote in mind for example, especially when others criticise or discourage:] There is no danger that the 'Titanic' will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers." - Phillip FranklinWhite Star Line Vice-President, 1912. RMS Titanic was a British passenger liner that sank in the North Atlantic Ocean on 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton, England to New York City. The sinking of Titanic caused the deaths of 1,514 people in one of the deadliest peacetime maritime disasters in history. She was the largest ship afloat at the time of her maiden voyage. One of three Olympic class ocean liners operated by the White Star Line, she was built between 1909–11 by the Harland and Wolff shipyard in Belfast. She carried 2,224 people.Author's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image

[Quote No.40239] Need Area: Mind > Learn "[Everyone makes mistakes, even experts. So don’t trust others blindly. Buddha makes this same point – “Do not believe in anything simply because you have heard it. Do not believe in anything simply because it is spoken and rumored by many. Do not believe in anything simply because it is found written in your religious [and other] books [newspaper or other media]. Do not believe in anything merely on the authority of your teachers and elders. Do not believe in traditions because they have been handed down for many generations. But after observation and analysis, when you find that anything agrees with reason and is conducive to the good and benefit of one and all, then accept it and live up to it." It is important to take this into account when others are criticising or discouraging. Also when you or another person makes a mistake, don’t be too hard on yourself or them, you or they are not the first and won’t be the last. Just try to use it to grow in compassion, understanding and wisdom so you and they can make the future better for everyone in the future.]
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Money—Invest-
[Just before the worst stock market crash and subsequent worldwide depression, 1927-1933]
--"We will not have any more crashes in our time."
- John Maynard Keynes in 1927.
--"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928.
--"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928.
--"No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
- Calvin Coolidge, December 4, 1928.
--"There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929.
--"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929.
--"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929.
--"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929.
--"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929.
--"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929.
--"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929.
--"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929.
--"The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929.
--"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929.
--"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929.
--"...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
- Harvard Economic Society (HES), November 2, 1929.
--"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
- HES, November 10, 1929.
--"The end of the decline of the Stock Market will probably not be long, only a few more days at most."
- Irving Fisher, Professor of Economics at Yale University, November 14, 1929.
--"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929.
--"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929.
--"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929.
--"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929.
--"[1930 will be] a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929.
--"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930.
"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930.
--"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930.
--"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930.
--"... the outlook continues favorable..."
- Harvard Economic Society (HES) Mar 29, 1930.
--"... the outlook is favorable..."
- Harvard Economic Society (HES) Apr 19, 1930.
--"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930.
--"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- Harvard Economic Society (HES) May 17, 1930.
--"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930.
--"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- Harvard Economic Society (HES) June 28, 1930.
--"... the present depression has about spent its force..."
- Harvard Economic Society (HES), Aug 30, 1930.
--"We are now near the end of the declining phase of the depression."
- Harvard Economic Society (HES) Nov 15, 1930.
--"Stabilization at [present] levels is clearly possible."
- Harvard Economic Society (HES) Oct 31, 1931.
--[Eventually the situation deteriorated so badly that the following was stated when gold was appropriated by the government from its citizens] "All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933.
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Property--Travel-
--"There is no danger that the 'titanic' will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers." - Phillip Franklin, White Star Line Vice-President, 1912. RMS Titanic was a British passenger liner that sank in the North Atlantic Ocean on 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton, England to New York City. The sinking of Titanic caused the deaths of 1,514 people in one of the deadliest peacetime maritime disasters in history. She was the largest ship afloat at the time of her maiden voyage. One of three Olympic class ocean liners operated by the White Star Line, she was built between 1909–11 by the Harland and Wolff shipyard in Belfast. She carried 2,224 people.
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Work—Leadership-
--"You will never amount to very much." - A Munich teacher to a ten-year-old Albert Einstein, 1889.
--"That kid can’t play baseball." - Tommy Holmes, Milwaukee Braves minor league manager, 1952, appraising Henry Aaron, who went on to break Babe Ruth's all-time record for home runs.
--“Just so-so in center field." - – New York Daily News after the premiere of Willie Mays, 1951.
--"He’ll never be any good." - Robert Irsay, Baltimore Colts owner, 1983, evaluating future Pro Bowl and Super Bowl champion quarterback John Elway.
--"You ain’t going nowhere, son. You ought to go back to driving a truck." - Jim Denny, Grand Ole Opry manager, 1954, firing Elvis Presley after one performance.
--"We don’t like their sound. Groups of guitars are on their way out." - Decca Recording Company 1962, upon turning down the Beatles.
--“Can’t act. Can sing. Balding. Can dance a little.” - MGM executive in 1929, about Fred Astaire’s screen test.
--“You better get secretarial work or get married." - Emmeline Snively, director of the Blue Book Modelling Agency, advising would-be model Marilyn Monroe in 1944.
--“I’m just glad it’ll be Clark Gable who’s falling on his face and not Gary Cooper." - Gary Cooper on declining the lead role in what was to become one of the biggest grossing movies of all time, ‘Gone with the Wind’.
--"Get rid of the pointed ears guy." - NBC television executive to Star Trek creator, Gene Roddenberry, 1966, recommending the new show eliminate the Vulcan character Mr. Spock.
--“I’m sorry, Mr. Kipling, but you just don’t know how to use the English language." - – The San Francisco Examiner, rejecting a submission by Rudyard Kipling in 1889.
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Work—Make-
--"Everything that can be invented, has been invented. " - Charles Duell
U.S. Patent Office Commissioner, 1899.
--"There will never be a bigger plane built. " - A Boeing engineer after the first flight of the 247, a twin-engine plane that carried ten people.
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Work—Sell-
--“The phonograph has no commercial value at all." - Thomas Edison American inventor, 1880s.
--“The horse is here to stay, but the automobile is only a novelty – a fad." - The president of the Michigan Savings Bank advising Henry Ford’s lawyer Horace Rackham not to invest in the Ford Motor Company, 1903.
--“The telephone has too many shortcomings to be seriously considered as a means of communication." - A corporate memo from telegraph operator Western Union, 1876.
--"The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?" - associates of RCA founder, David Sarnoff, circa 1920’s, when he proposed investing in the young radio industry.
--"[Television] won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night" - Darryl F. Zanuck, Twentieth Century-Fox studio boss, 1946.
--"With over 50 foreign cars already on sale here, the Japanese auto industry isn’t likely to carve out a big slice of the U.S. market." - Business Week, August 2, 1968.
--"The concept is interesting and well-formed, but in order to earn better than a ‘C’ the idea must be feasible." - Yale University management professor comment on a paper written by Fred Smith proposing an overnight delivery service, circa early 1970's. Smith went on to start Federal Express.
"There is no reason anyone would want a computer in their home." - Ken Olsen, President of Digital Equipment Corp., 1977.
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Friends—General-
--“Airplanes are interesting toys but of no military value. " - Marshal Ferdinand Foch, French Military Strategist and Future World War 1 Commander, in 1911.
" - Seymour@imagi-natives.comAuthor's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image

[Quote No.40295] Need Area: Mind > Learn "Far more important than any particular piece of knowledge, than geography or arithmetic or spelling, is this love of clearness in our mental life and instinctive hatred of confusion and obscurity. Let us learn to know what we know clearly and definitely, and also how we know it. The great intellectual need of men and women in the outer world is not so much more knowledge as it is better knowledge and better thinking. There is much philosophy in the humorist's remark, 'It was never my ignorance that done me up, but the things I know'd that wasn't so.' The great enemies of intellectual life are superstition, gullibility, and fallacious reasoning. A mere knowledge of facts, important as that is, is no safeguard against these. A conscious desire and resolve to think clearly is the true remedy." - Edward O. SissonAuthor's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image

[Quote No.40428] Need Area: Mind > Learn "Self-Worth Comes from Solving Worthy Problems...
When prople wrestle with problems 'worthy of attack,' they may feel overwhelmed, and they may even occasionally be defeated. But it is only by combating formidable opponents that people can truly [develop and] demonstrate their power and potency.
The value of worthy problems applies especially well to the raising of children. Many parents attempt to shield their children from the problems they experienced when they were young. But, often as not, it was facing and ultimately overcoming those very problems that made them strong and capable adults. The Swedish writer Ellen Key was thinking along these lines when she wrote:
At every step, the child should be allowed to meet the real experience of life; the thorns should never be plucked from his roses." - Dr. Mardy GrotheAuthor's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image

[Quote No.40490] Need Area: Mind > Learn "[A free media is vital to the success of a democracy. This is because if there is not accurate, timely information, for example propaganda or deliberate or inadvertent misinformation or media blackouts, individuals do not have the facts to make informed choices and vote in their best interests. The media, sometimes called the 'Fourth Estate', is well aware of their responsibilities to perform this task in a free, democratic society and most country's media organisations include this reponsibility in their training and Code of Ethics.] The estates of the realm, originally conceptualised by Montesquieu, are sectors of the community that have power to influence the policy-making process within a society. They are usually seen as the executive - previously the clergy (First Estate), the legislative - previously the nobility (Second Estate), the judicial - previously the middle class commoners (Third Estate), and the mainstream press (Fourth Estate). There is also the less common concept of a fifth estate which has no fixed meaning, but is used to describe any class or group in society other than the previous four estates. It has been used to describe trade unions, the poor, the proletariat, media outlets, including the blogosphere, that see themselves in opposition to mainstream media (the official Press) and 'networked individuals'. It should not be confused with a 'Fifth Column', which has been used to describe subversive or insurgent elements in a society. It got this name from a 1936 radio address by Emilio Mola, a Nationalist General during the 1936–39 Spanish Civil War. As his army approached Madrid, a message was broadcast that the four columns of his forces outside the city would be supported by a 'fifth column' of his supporters inside the city, intent on undermining the Republican government from within." - Wikipedia.org[http://en.wikipedia.org/wiki/Fifth_Estate ] [http://en.wikipedia.org/wiki/Fifth_Column ]Author's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image

[Quote No.40716] Need Area: Mind > Learn "Education is the most backward of all large industries. [One of the ways it is backward is its focus on readying students for meeting the needs of employers and work, with work-skills, rather than vastly expanding its concerns to meeting the full needs of the individual with life-skills, which has work-skills as a subset. In this way each individual would be much better prepared to fulfill their potential and manage their life better, while making fewer major mistakes that can take years to recover from if at all and cost the individual and community dearly in direct and opportunity costs.]" - Arthur Lewiswinner Nobel Prize for Economics, 1979
Author's Info on Wikipedia - Author on ebay - Author on Amazon - More Quotes by this AuthorStart Searching Amazon for GiftsSend as Free eCard with optional Google Image